Phi Delta Theta Fraternity FY2023 filing

Not tax-deductible

Lubbock, TX501(c)(7)EIN 75-6036599Revenue $348K in FY2023

On file with the IRSPo Box 4022, 79409-0005 · Lubbock, TXTax-exempt since Oct 1940

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Social club - Fraternity

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $12K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
-27% vs prior year
Spent
$361K
To programs
0%
Net assets
$3K
By yearFY2021–FY2025
Revenue
$348K
FY2023▼ -27%
Tap a bar for its year
Revenue by fiscal year
FY2021$346K
FY2022$480K
FY2023$348K
FY2024$350K
FY2025$356K
Expenses
$361K
FY2023▼ -33%
Tap a bar for its year
Expenses by fiscal year
FY2021$370K
FY2022$538K
FY2023$361K
FY2024$333K
FY2025$338K
Net assets
$3K
FY2023▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2021$74K
FY2022$16K
FY2023$3K
FY2024$21K
FY2025$39K

From the FY2023 Form 990 (year ending May 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice-Preside
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chapter Advi
$0Pt VII · Sec A
Financial Ad
$0Pt VII · Sec A
See Phi Delta Theta Fraternity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Phi Delta Theta Fraternity is a member-serving organization based in Lubbock, TX.

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Provided by the organization

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3 programs · in their own filed words · FY2022
01

The fraternity sponsors social activities such as dances, cookouts, and other activities for its members.

Pt IX · col B
02

The fraternity collects dues and fees from its members which are remitted to the national fraternity.

Pt IX · col B
03

The fraternity sponsors activities designed to increase its membership.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$348K
Ln 12
Fees for servicesLn 2g$338K
Gifts and grantsLn 1h$10K
Investment incomeLn 3$145
Money outPt IX
$361K
Ln 25
Owns and owesPt X
$3K
net assets · Ln 32
Cash and savingsLn 1–2$449
Total assetsLn 16$3K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Fees for servicesLn 2g$338K
Investment incomeLn 3$145
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$427
SavingsLn 2$22
Cash and savings togetherLn 1–2$449
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$3K
LiabilitiesLn 26$0
Net assetsLn 32$3K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$13K$449
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$16K$3K
LiabilitiesLn 26$0$0
Net assetsLn 32$16K$3K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K
Office expensesLn 13$2K
OccupancyLn 16$117K
Depreciation, depletion and amortizationLn 22$370
Other expenses (24a–d)Ln 24$239K
All other expensesLn 24e$150
Total functional expensesLn 25$361K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $356K$338K$18K$39K 990 PDF
FY2024 $350K$333K$17K$21K 990 PDF
FY2023 Viewing $348K$361K−$13K$3K 990 PDF
FY2022 $480K$538K−$58K$16K 990 PDF
FY2021 $346K$370K−$23K$74K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $347,875 revenue, 12 lines filed
I-8 Contributions and grants$9,500
I-9 Program service revenuePrior year $406,551$338,230
I-10 Investment incomePrior year $28$145
I-11 Other revenuePrior year $72,945$0
I-12 Total revenuePrior year $479,524$347,875
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $537,728$360,781
I-18 Total expensesPrior year $537,728$360,781
I-19 Revenue less expensesPrior year −$58,204−$12,906
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $347,875 across 5 lines filed
VIII-1f All other contributions, gifts and grants$9,500
VIII-1h Total contributions, gifts and grants$9,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $338,230$338,230
VIII-3 Investment incomeRelated to mission $145$145
VIII-12 Total revenueRelated to mission $338,375$347,875
Part IX · Statement of functional expenses $360,781 across 6 lines filed
IX-11c Accounting fees$2,085
IX-13 Office expenses$1,778
IX-16 Occupancy$117,474
IX-22 Depreciation, depletion and amortization$370
IX-24 Other expenses (24a–d)$238,924
IX-24e All other expenses$150
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$360,781
Part X · Balance sheet $3,231 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $12,743$427
X-2 Savings and temporary cash investmentsStart of year $242$22
X-10c Land, buildings and equipment, netStart of year $3,152$2,782
X-16 Total assetsStart of year $16,137$3,231
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $16,137$3,231
X-33 Total liabilities and net assetsStart of year $16,137$3,231
Part XI · Reconciliation of net assets $3,231 net assets at year end
XI-1 Total revenue$347,875
XI-2 Total expenses$360,781
XI-3 Revenue less expenses−$12,906
XI-4 Net assets at start of year$16,137
XI-10 Net assets at end of year$3,231

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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